Unicomer, operator of the Courts furniture network, will open a second store in Portmore in St Catherine next month, while laying claim to nearly half of the Jamaican market amid continuing expansion. It…
Category: Business & Economy
SEZ business activity tops $3 trillion
At first blush, the numbers provided by the Jamaica Special Economic Zone Authority appear to suggest a dramatic change in the SEZ landscape, based on the implied eighteenfold growth in revenue flows from…
US$255-m boost
JAMAICA is set to draw down US$255 million in loans from the International Monetary Fund (IMF) under the Resilience and Sustainability Facility (RSF) with the money to be steered towards refinancing high interest…
Wisynco expansion in mid-gear amid record demand
Following a record year where revenue jumped 25 per cent to $48.71 billion across its manufacturing and distribution segments, Wisynco Group Limited is moving expeditiously to complete its $5-billion expansion to satisfy demand…
FirstRock pushes to complete sale of Hambani units
Now at 66 per cent presold levels, FirstRock Real Estate Investments Ltd is eyeing a new year-end timeline to complete the construction and sale of its high-end Hambani residential development in Liguanea, Kingston….
US economic growth revised downwards
The United States economy expanded at a 2.1 per cent annual pace from April through June, showing continued resilience in the face of higher borrowing costs for consumers and businesses, the government said…
Jam-Dex drive
TRANSPORT operators say they are ready to embrace the Bank of Jamaica’s (BOJ) central bank digital currency Jam-Dex, and could do so in time for the new year if things fall in place…
Spur Tree inks new deal
SPUR Tree Spices has reached an agreement with Atlanta-based BAK Foods to broaden the distribution of its products in the US, a deal which is estimated will boost the food company’s revenues “by…
Open season for chicken parts trade
The Ministry of Agriculture, Fisheries and Mining opened a call for importers of chicken parts, specifically backs and necks, in August, amid a decline in the value of supplies procured from overseas. Trade…
Business partners bringing ‘dinner in the sky’ concept to Jamaica
Restaurant operators Samantha and Krystal will test the appetite for sky dining in Jamaica following approvals from the National Environment and Planning Agency, NEPA, for an eatery that offers a ‘dinner in the…
